BICE CIRCULATION ON EURO WAS 2.5 BILLION MANATS
In July dealings on the euro were concluded at the Baku Interbank Currency Exchange (BICE). As the result, the ExchangeвЂ™s circulation on euro for January-July 2005 was 399 000 euros or 2 470 551 400 manats, the BICE told Trend.
In July dealings on euro were concluded for the amount of 65 000 euros or 367 876 000 manats. The average exchange rate for the month was 5659,6308 manats per 1 euro. With all these, the average exchange rate for the first seven months of the current year was 6191,8581 manats. In general, on the results of the first seven months of the current year the average exchange rate on euro reduced from 6361,3253 manats in February (there were no dealings on euro in January) to 5659,6308 for July.
As the result the circulation on euro is equal to 71,634% of the entire 2004 circulation. (557 000 euros at the average exchange rate of 6206,5476 EUR/AzM).